Nelnet and Great Lakes will no longer service federal student loans!
If you have Nelnet or Great Lakes for your federal student loan servicer, you will soon be receiving a new servicer. Nelnet and Great Lakes, which collectively manage federal student loans for approximately 13 million student loan borrowers, will no longer service...
What Happens October 1st with the CARES Act and My Student Loans?
Over 5.2 million student loan borrowers are in default. The CARES Act has several provisions to help struggling borrowers. Defaulted borrowers have a reprieve from wage garnishment and tax offsets until October 1st 2020. What happens October 1st? Wage garnishment and...
Whether or not to make payments during the CARES Act forbearance on direct federal loans
The CARES Act, signed into law on March 27, 2020, includes a broad range of provisions designed to help Americans whose everyday lives were dramatically altered by the COVID-19 pandemic. Among other measures, the Act provides relief for federal student loan borrowers,...
Beware of Recent Student Loan Scams
Warnings have been released by the Federal Trade Commission (FTC) and The Better Business Bureau (BBB) about student loan scams targeting students. COVID-19 Relief Fund Phishing Emails The Coronavirus Aid, Relief, and Economic Security (CARES) Act was passed with...